Tag Archives: sales

Britain’s economy experienced an unexpected contraction in September, with growth nearly stagnating over the third quarter, dealing an early challenge to finance minister Rachel Reeves’ ambitions for a sustained economic boost. According to data from the Office for National Statistics, Gross Domestic Product (GDP) declined by 0.1% in September, as …

British public borrowing in the first six months of the tax year exceeded official forecasts, posing a challenge for Finance Minister Rachel Reeves ahead of her first budget next week. Borrowing totaled £79.6 billion ($103.5 billion) from April to September, nearly £7 billion higher than projections made by the Office …

British retail sales rose by a stronger-than-expected 1% in August, driven by warmer weather and end-of-season sales, according to official data released by the Office for National Statistics (ONS) on Friday. This marks a significant improvement over economists’ expectations of a 0.4% rise, as forecasted by a Reuters poll. The …

American Airlines has slashed its profit forecast for the year due to a backfired sales plan and an industry-wide glut of flights. The carrier’s profit fell 46% during the second quarter, even though revenues rose. The company expects to earn an adjusted 70 cents to $1.30 per share this year, …

Nike shares declined in early Friday trading, setting up the stock for a loss of around $21 billion. The world’s biggest sportswear group issued gloomy near-term sales forecasts that could test investor patience for its ongoing turnaround strategy. Nike launched a $2 billion cost-cutting plan last year under CEO John …

Beyond forecasts, Amazon’s performance during Q1 was a remarkable success, with continued dominance in both cloud computing and e-commerce. The path ahead is not free from challenges, though. To sustain development trajectory, Amazon needs to strategically manage issues including consumer spending patterns, address intensifying competition, and economic concerns. The massively …

British retail sales defied expectations by holding steady in February, following a revised 3.6% increase in January, according to figures released by the Office for National Statistics on Friday. Economists surveyed by Reuters had anticipated a 0.3% decline in sales volumes for the month. Heather Bovill, senior statistician at the …

Nvidia stock is soaring despite Wall Street’s bad week. Nvidia will pay its next quarterly cash dividend of $0.04 per share on March 27, 2024, to all shareholders of record on March 6, 2024.Nvidia reported earnings after the bell, on Wednesday, beating analysts’ estimates on the top and bottom lines. …

McDonald’s stock fell marginally in premarket trade Monday as the world’s largest fast food restaurant failed earnings projections and, like Starbucks last week, blamed weaker sales on the Israel-Hamas war.McDonald’s reported Q4’s revenue of $6.41 billion, 7.5% higher than the $5.92 billion recorded in the same period previous year and …

McDonald’s achieved profits that surpassed market expectations after achieving significant growth in its international sales in the quarter ending last September.McDonald’s profits rose to $3.19 per share in the third quarter of 2023, versus expectations of $3.00 per share.The company’s revenues also rose to $6.69 billion in the quarter ending …